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Main / Articles: Rumors Foxconn will acquire digital camera maker Premier shot down

Although market speculation has suggested that Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) has expressed interest in acquiring Premier Image Technology, Taiwan's leading digital camera OEM, in order to strengthen its presence in the optical component segment, both Premier and Foxconn denied the news.

The share price of Premier increased NT$3.4 as the rumors swirled, closing at NT$52.4 on May 3. However, Premier denied the speculation, saying it is now only a supplier of connectors for Foxconn, though it has shipped camera modules to Foxconn before.

Industry players commented that the benefits for Foxconn in acquiring Premier are limited, as the digital camera market is already mature. In addition, the two companies are actually competitors, as Foxconn has extended its presence into production of camera modules for cameraphones via its subsidiary Altus Technology, the makers added.

Although Premier also produces lenses and other components, it uses all of its present lens output for its own digital cameras, handset cameras and projectors, Foxconn would not benefit much from the relationship, the makers pointed out.

Premier chairman Cliff Liu anticipates that the company's monthly optical lens capacity will ramp up to 10 million units in the third quarter, up from 6.5 million units. For plastic lenses, the company also plans to boost capacity from 3.5 million to six million units in the same period, Liu added.

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